Washington Trust Bank buys $460,757 stake in NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : Washington Trust Bank scooped up 54 additional shares in NVIDIA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 6,753 shares of NVIDIA Corporation which is valued at $460,757.NVIDIA Corporation makes up approximately 0.11% of Washington Trust Bank’s portfolio.

Other Hedge Funds, Including , West Oak Capital boosted its stake in NVDA in the latest quarter, The investment management firm added 1,010 additional shares and now holds a total of 1,560 shares of NVIDIA Corporation which is valued at $106,439. NVIDIA Corporation makes up approx 0.07% of West Oak Capital’s portfolio.

NVIDIA Corporation closed down -0.15 points or -0.22% at $68.3 with 70,40,645 shares getting traded on Tuesday. Post opening the session at $68.55, the shares hit an intraday low of $67.79 and an intraday high of $69.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, NVIDIA Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.48. The company had revenue of $1428.00 million for the quarter, compared to analysts expectations of $1352.71 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on NVIDIA Corporation. SunTrust Initiated NVIDIA Corporation on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $59.NVIDIA Corporation was Initiated by Susquehanna to “Neutral” on Sep 20, 2016. Company shares were Upgraded by RBC Capital Mkts on Aug 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $47 .

NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

Leave a Reply

NVIDIA Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on NVIDIA Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.